Question 461905: Joyce Jackson purchases works of art for an art gallery .Two years ago she bought a painting for $20.000,and last year she bought one for $35,000 . If painting appreciate 14% per year, how much are two paintings worth now?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Joyce Jackson purchases works of art for an art gallery .
Two years ago she bought a painting for $20.000, and last year she bought one for $35,000 .
If paintings appreciate 14% per year, how much are two paintings worth now?
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1st painting value after 2 years (20,000)(1.14)^2 = $25,992
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2nd painting value after 1 year (35,000)*1.14 = $39,900
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Cheers,
Stan H.
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